Alleged Money Laundering: Mompha regains freedom after court granted his bail variation application

Internet celebrity, Ismaila Mustapha a.k.a Mompha, has regained his freedom two months after he was re-arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.

Reports say the socialist was freed shortly after the court presided over by Justice Mojisola Dada upheld the variation of his bail application to N25million.

He is also to provide two sureties to consolidate the N200million bail bond earlier granted by the same court when he was arraigned in January.

On Monday, March 28, his counsel, Gboyega Oyewole, SAN, applied for a variation of his bail conditions and informed the court that the defendant has submitted his international passport to the court registrar.

He premised his request on the fact that Mompha is also standing trial at the Federal High Court and “he never missed court for one day”.

“Most important my lord is that the defendant wants to engage the prosecution on the charges,” he said.

EFCC’s counsel, Rotimi Oyedepo, who acknowledged receipt of the defence’ application, left the decision to the discretion of the Court.

Approving his application for bail variation, Justice Dada granted bail to Mompha in the sum of N25 million with two sureties in like sum, one of whom must own a property worth N50 million within the jurisdiction of the Court.